Stock market today: US futures in holding pattern in wait for Fed decision
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Read MoreHeadlines: Cable nudges up to 1.3200 after sticky UK inflation dataUK inflation data bolsters odds of BOE keeping bank rate unchanged tomorrowWhat are the main events for today?There will be disappointment one way or another come the end of todayECB’s Villeroy says likely to continue with rate cutsUK…
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Read MoreFundamental Overview Yesterday, we got some more positive US data releases as the US retail sales came out a touch better than expected and the industrial production data beat forecasts erasing the hurricane related weakness in July. Despite that, the market is still pricing a 63% probability for…
Read MoreHeavy is the head that wears the crown. The Fed has a very, very big decision to make today. A rate cut is all but confirmed but the major question is by how much? They’ve been suggesting a likelihood of moving by 25 bps since Jackson Hole but…
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